May 28, 2026 | 10:06 am
TEMPO.CO, Jakarta - Flooded with questions from overseas palm oil buyers, Eddy Martono found himself unable to respond. The Chair of the Indonesian Palm Oil Producers Association (Gapki) said business players still could not explain Indonesia's new commodity export rules to customers. "We can't answer the details because there's no certainty yet," he told Tempo on Thursday, May 21, 2026.According to Eddy, inquiries and requests for clarification poured in after President Prabowo Subianto announced the single-gate export policy on Wednesday, May 20. When the policy was unveiled, most Gapki executives were in Solo, Central Java, attending the association's national working meeting. The issue briefly surfaced during the gathering. But the discussion went nowhere. "Because nobody really understands the mechanism yet," he said.Eddy said the government had never involved the palm oil industry association in discussions over the planned policy. In fact, he said he had only recently begun hearing rumors about it.The single-gate export policy was announced by Prabowo during his speech outlining the macroeconomic framework and fiscal policy priorities for the 2027 State Budget at a plenary session of the House of Representatives in Jakarta on May 20, 2026. In a nearly two-hour address on the government's economic direction, Prabowo repeatedly referred to underinvoicing, transfer pricing, and the flight of foreign exchange earnings from natural resource exports.Read the Complete Story in Tempo English Magazine
